Saudi Arabia, UAE, Kuwait, Qatar push global Islamic fintech toward $341bln

The global Islamic fintech market is forecast to reach $341 billion by 2029, driven by rising appetite for digital assets and robust activity in the Middle East.

The sector, valued at $198 billion in 2024/25 in terms of transaction volume, is poised to grow at an annual rate of 11.5%, according to US-based DinarStandard and UK-based Elipses, both advisory firms that conducted a study on Islamic fintech in partnership with the Qatar Financial Centre and the Islamic Development Bank Institute (IsDBI).

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